Based on the last 12 Ifo Business Climate events in Germany, YM could experience an upwards trend. Based on these past events there is a 80% chance of this, and the trend could last 12 hours because the released value is > 88.2.
Historical events that allowed us to draw this conclusion
22 May 08:00 |
24 Apr 08:00 |
27 Jan 09:00 |
26 Aug 08:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
